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fxRUSH
31 Th07 2016 17:44

EUR/AUD Flat ABC or 5 wave corretion forming. 

Euro Fx/Australian DollarFXCM

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Hi traders looking at the EUR/AUD now and spotted a possible Flat ABC correction that ended on the 5min timeframe on Friday. As markets open we might just see some down side power or a market break on the pair if it hitting those 1.45999 or 1.45239 structure lows price levels to buy the pair but you'll have to trade that on the 15-5min timeframes to enter the buy at the end of the correction if there is a 5th corrective wave in the process of forming so good idea to look out for those levels.
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